Top HR Trends in 2015

Presented by Lakshmi Narasimhan .S

HOD-MBA MVJ College of Engineering Bangalore

Source – Visier via Google

Background Facts- About Visier

• Headquartered in Vancouver BC and San JoseCA

• Visier produces Workforce IntelligenceSolutions that forms the basis for HRtransformation.

• To know more you need to understand theterms HR transformation and WorkforceIntelligence solutions

About HR Transformation

• HR transformation refers to creating anunderstanding and planning with precision– how to best recruit, retain and motivatethe workforce of your organization.

• HR transformation becomes possible whenthe organization starts moving fromReactive HR practices to Predictive HRpractices

Workforce Intelligence Solutions

• Workforce intelligence is concernedwith converting complex andshadowy workforce data intoinsights, letting companies developand align on the right people’sstrategy and translate that strategyinto actionable workforce plans.

The Connect

• It is this service(Workforce IntelligenceSolutions) that Viser offers on the cloudcomputing platform backed bycompany’s leadership team with aproven track record of technical,operational and strategic managementsuccess with companies such as IBM,SAP& Oracle

Visier’s Prediction 1

• Prediction 1

• With droppingunemploymentrates vacancy rateswill increase andretention willdecrease. Workerswill be confident ofexploring new jobs

• Solution

• Organizations willwork beyondrecruiting leverageWork ForceIntelligence and willmove from hiring toproactively planningthe workforce.

Visier’s Prediction 2

• Prediction 2

• Organizations willmove their focus fromhead count to totalworkforce costs:Workforce cost is notmerely made of salariesbut consists of anumber of othercomponents as well

• Solution

• HR would leverage Bigdata management toprovide an up to dateview of total cost ofworkforce.Organizationswould shift to scenariobased workforceplanning

Visier’s Prediction 3

• Generational Shifts

• Workforce will consistof more youngstersand less seniorpeople. The employeeexpectations of suchyoungsters ,will beradically different ascompared to seniorworkforce

• Challenges

• HR will face a challengein hiring and retainingyoungsters as well aspreserving the skills ofretiring seniors .Use ofWorkforce Intelligencewill become more and,more necessary

Visier’s Prediction 4

• Accountability &insight intoWorkforce Diversity- Increased pressurewill be felt byorganizations indeveloping insightsand sharing figuresof work forcediversity

• Approach

• Larger HR practices of understanding perspectives of workforce diversity in the areas of recruitment promotion and succession and measure actual performance against benchmarks

Visier’s Prediction 5

• From Analyzing the past to planning and predicting the future-developing proactive strategic plans

• Approach

• Align HR activities to Business plans

• Right forecasting

• Move Ahead of the competition

QUESTIONS?